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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Oak Tree who wrote (5758)	3/3/2001 5:45:42 PM
From: Jenna	Read Replies (1) \| Respond to of 6445

Double bottom is only a technical analysis term which only means the stock has hit a support level bounced off and then hit the same support once again. Yes we were short, but but of course we wouldn't dare predict the FUTURE of any stock. The most we did was call company's P/E level too high to sustain the present price levels 6 months ago and they all moved down. It was basically just 15 companies, and now p/e levels are the 'in' thing to discuss among traders. But these 15 companies were shorted for the most part from then on. ARBA was one of the companies. At this point I don't really follow ARBA except for the occasional momentum trade. We trade very liquid stocks on momentum only. And we plan on trading the volatility like this for as long as it lasts. I don't care if the market is up or down as long as their is volatility to trade. I do care when we are in a stage to too low to short overnight yet not stable enough to hold overnight. I would like to take something home, because although there is a good deal of money to be made on the short side still, there is probably even more money to make soon on the long side. It would nice to get them going up the same way we got them going down. We don't get that involved with company internals, we can leave that to others.